- "The work in the corporate and institutional bank primarily will be finished by the end of this year,” Royal Bank of Scotland (RBS -0.6%) CEO Ross McEwan tells Bloomberg.
- As for ideas about just getting out of investment banking altogether, McEwan brushes it off, noting "great strategic positions ... where we can make money. We'll show that over the next thee to four years."
- Jefferies' Joseph Dickerson says RBS is "ahead of the curve" versus other banks in restructuring their investment banking divisions.
- Getting back to McEwan, he says the bank's success in shedding assets gives it the room to now go a little slower and maybe get better value going forward. He's still committed to finishing the process by the end of 2016.